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Republic of Korea: Government announces state aid to support SMEs ahead of 2023 Chuseok holidays

Description

On 25 September 2023, the Korean Financial Services Commission announced that the Korea Credit Guarantee Fund (KODIT) will provide KRW 1.8 trillion (approx. USD 1.4 billion) in new loan guarantees to ...

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Intervention Details

Intervention Type

Loan guarantee

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

25 Sep 2023

Revocation date

15 Oct 2023

Implementation level

NFI

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

SMEs

Affected Trading Partners

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Affected Products

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